Nexus Venture Partners, an early investor in Snapdeal, has raised more than $450 million (Rs 2,800 crore) for its fourth fund, becoming the first homegrown venture capital firm to cross $1 billion in assets. Read more

Test-prep startup MockBank acqui-hires Litoro

MockBank, an online test preparation site for public sector job exams, has acqui-hired Vijayawada-based web and mobile services company Litoro. Read more

Logistics services provider Parsel merges with Accord Ecom Solutions

Logistics services provider Parsel has merged with year-old Accord Ecom Solutions, a third-party logistics provider in a deal that marks growing consolidation in the fast-growing sector. Read more

Vlurn.com, a platform for online courses has raised an undisclosed amount of seed funding from Vidyadhar Sarfare, MD & CEO of Accord Group. Read more

Wearable device maker Leaf Wearables raises $250,000 funding

Leaf Wearables, an Indian start-up by the students of IIT Delhi and Delhi Technological University, today announced $250,000 (approx Rs. 1.6 crore) in seed funding. The funding will be used to grow Leaf Wearables' SAFER, a smart safety wearable device. Read more

CustomFurnish raises Rs 30 crore funding from Agnus Capital

Hyderabad-based CustomFurnish.com, a furniture portal has raised Rs 30 crore in a fresh round of funding from Bengaluru-based family office Agnus Capital. Read more

Paytm acquires Near.in for around Rs 13 Cr to strengthen its online-to-offline presence

Mobile goods and services company Paytm has acquired online marketplace for hyper-local services Near.in, its first buyout since securing $680 million in funding commitments from Chinese ecommerce giant Alibaba Group, and its affiliate Ant Financial. Read more

Faasos raises Rs 200 Cr in funding at a time of gloom for on-demand food startups

Faasos Food Services, which owns online restaurant Faasos, has raised $30 million (about Rs 200 crore), managing to secure funds at a time when several of its competitors are forced to scale down or shut shop as investors tighten their purse strings. Read more